Bitcoin reached an intraday high of $87,000 on Oct. 2 after buyers cleared a sell wall near $85,000 that had blocked several earlier advances. Glassnode said some of those orders were filled and the rest withdrawn, leaving fewer visible asks around $87,000. CryptoQuant’s Bitcoin Accumulation Trend chart is also showing contracting bands, a pattern previously seen before two sizable advances in 2025, although the limited sample makes it an inconclusive forecasting tool. The market has simultaneously reclaimed several cost-basis levels tracked by Bitwise, including about $73,000 for short-term holders, $77,000 for the true market mean and $83,000 for spot ETF investors. Bitcoin has also moved above the firm’s $85,000 short-term holder realized-price band. The next supply zone is concentrated between $90,000 and $100,000. CryptoQuant estimates average cost bases of about $88,350 for holders who bought 18 months to two years ago and $89,200 for the six-to-12-month cohort, creating potential breakeven selling pressure. Bitwise places further valuation markers near $90,000 and $95,000, while a separate Fibonacci framework identifies levels near $92,000 and $100,000. Deribit data show Bitcoin call exposure of about $2.1 billion at the $90,000 strike, $2.4 billion at $95,000 and $1.8 billion at $100,000. Open interest rose to roughly $56.2 billion from about $52 billion as September ended, alongside Bitcoin’s climb from approximately $83,500 to above $87,000. A weaker US jobs report also supported risk assets: employers added 29,000 jobs in September versus economists’ 90,000 estimate, unemployment rose to 4.2% from 4.1%, and markets priced the probability of an October Federal Reserve rate increase below 20%. A sustained move above $90,000 would test elevated valuation bands and returning holder supply, while failure could refocus attention on $83,000, the average cost basis for ETF investors. The broader framing also links a potential $113,000 Bitcoin case with nine crypto actions being pushed by US regulators.